Friday, August 26, 2011

Feedback on Potential Housing Bailout Programs

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Aug 26, 2011 10:50AM

Feedback on Potential Housing Bailout Programs

Don't you always wonder how much the guys standing at the stoplights take home, tax-free? It is a little farcical, but: HowMuchTaxFree? A doctor examining a woman who had been rushed to the Emergency Room took the husband aside and said, "I don't like the looks of your wife at all." "Me neither doc," said the husband. "But she's a great cook and really good with the kids." Life often involves dealing with misunderstandings and confusion, and the rumors surrounding a mass refi plan certainly fit into...

Aug 26, 2011 5:13PM

Mortgage Rates: Moment of Reprieve

After setting new lows last Thursday, mortgage rates drifted higher this week...that is until today when consumer borrowing costs improved sharply. This can be seen in the chart below.... If the note rate line is moving up, the closing costs associated with it are on the rise. If the note rate line is moving down, the closing costs associated with it are falling. The lowest home loan borrowing costs of our lifetime were available last Thursday. They didn't stick around long though, mortgage rates...


Micro News

4:00 PM:

September and NFP in the Week Ahead

2:37 PM:

Benchmarks Still Holding, but Some Reprices for Worse Reported

10:04 AM:

Fed Prepared to "Use Tools," But No QE3 Hints

9:59 AM:

ECON: Consumer Sentiment Sinks in August

9:27 AM:

The Obama Administration Can't Refi Your Mortgage on Its Own

8:54 AM:

ECON: Corporate Profits Rose 4.1 Percent in Second Quarter

8:38 AM:

ECON: GDP Revised Down to 1 Percent in 2nd Quarter

4:42 PM:

Foreign Central Banks' US Debt Holdings Fall - Fed

Around the Web

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Bernanke: No News

Major Storm Takes Aim at East Coast

Hoenig Says Focus Should Move to Fixing U.S. Fiscal Woes


Today's Comments

Brad Burdette

"Rob, Ok- I see where there can be an issue with the 'really upside down" borrower but what about the guy who deosn't qualify because of DTI..."

Jason Harris

"Rob...obviously no one wants to eat the $65K. MBS investors certainly don't want to take the haircut (and don't deserve to) and if Uncle Sam eats..."

Rob Ellis

"Gary, this all depends on whether they allow the "short refi" which entails removing the negative equity. If I'm not mistaken the last CoreLogic..."

Today's Q&A

Anonymous

"if a relator gets a contract to sell a house and the people selling..."

Anonymous

"I'm selling my home, listed by a realtor, I pay my Realtor..."

Anonymous

"What legal action can be taken if I walk away from my home?"

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